Oil prices declined today, Tuesday, with growing concerns about the impact of possible increases in interest rates in the United States on demand, exceeding the effects related to the tropical storm off the coast of the American Gulf, and its impact on oil supplies.
Brent crude fell by 19 cents, or 0.2 %, to $ 84.23 a barrel, while US West Texas Intermediate crude fell by 24 cents, or 0.3 %, to $ 79.86.
Investors are awaiting the release of important data about the US economy later this week that will help determine the course of interest rates this year and next.
Source: National Iraqi News Agency